Nike: Is a Turnaround in the Stock Near?
Nike (NYSE: NKE) shares rallied after the sneaker and apparel maker's fiscal first-quarter results showed some signs of a potential turnaround. The stock, however, is still down slightly on the year and has fallen by more than 40% over the past five years.
Let's take a closer look at Nike's recent earnings to see if a turnaround is near and if investors should be buying the stock.
Image source: Getty Images.
Source Fool.com
Nike Inc. B Stock
€38.79
0.780%
The stock is one of the favorites of our community with 80 Buy predictions and 2 Sell predictions.
With a target price of 66 € there is a hugely positive potential of 70.15% for Nike Inc. B compared to the current price of 38.79 €.
